If you follow biotech stocks, the name Amgen (AMGN) should ring a bell. If not then here is a little primer:
According to Carter Worth of Cornerstone Macro, Amgen is “if not the best-performing stock of all time, one of the best.” He noted that over the course of the past 30 years, the health-care giant has widely outperformed other high-flying names such as Apple, Home Depot and McDonald’s.
If your stock is beating those kind of companies, then people should really start taking notice. The entire field of biotech has been on the rise lately, but Amgen is in a class all to its own. Just check this chart out.
Investors should take a long look at these trends and realise that now may be a great time to get on the bandwagon and earn some money.
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